Sugar Wood

Sugar Wood

Early Stage

NYC's naughtiest dessert brand goes national

NYC's naughtiest dessert brand goes national

Overview

Raised to Date: Raised: $19,450

Total Commitments ($USD)

Platform

Republic

Start Date

03/04/2024

Close Date

04/19/2024

Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment

$300

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$7,500,000

Discount

0%

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/15/2024

Days Remaining

4

% of Min. Goal

39%

% of Max. Goal

2%

Likelihood of Max
unlikely
Avg. Daily Raise

$463

# of Investors

17

Momentum
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Year Founded

2022

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

Wilmington, Delaware

Business Type

Life Style

Sugar Wood, with a valuation of $7.5 million, is raising funds on Republic. It is a naughty dessert brand in New York City’s vibrant neighborhood. Sugar Wood makes naughty waffles, cheeky popsicles, chocolate bars, and scandalous cookies and is a champion of inclusivity and sex positivity. The business has been featured in Out Magazine, NY Post, Bravo, and Elvis Duran and has generated $600,000 in revenue in the first 18 months. Austin Allan and Michelle Muller founded Sugar Wood in February 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for PR and marketing, legal and accounting fees, franchise and location expansion, staff and personnel, offsite manufacturing exploration, and product packaging development.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$185,105

$0

COGS

$51,985

$0

Tax

$0

$0

 

 

Net Income

$-235,611

$0

Summary Balance Sheet

FY 2022 FY 2021

Cash

$48,673

$0

Accounts Receivable

$0

$0

Total Assets

$619,262

$0

Short-Term Debt

$45,103

$0

Long-Term Debt

$808,293

$0

Total Liabilities

$853,396

$0

Financials as of: 03/04/2024
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Sugar Wood on Republic 2024
Platform: Republic
Security Type: SAFE
Valuation: $7,500,000

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